Glencore Sets Aside $1.5 Billion as Graft Probes Near End
- Glencore posts record profit after commodity price swings
- Company sees probes in U.S., U.K., Brazil resolved this year
Dump trucks at Glencore Plc's Mount Owen Complex coal operations near Singleton, Australia.
Photographer: Brendon Thorne/This article is for subscribers only.
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Glencore Plc said it expects corruption probes by U.S., U.K. and Brazilian authorities to be resolved this year as the world’s biggest commodity trader reported its highest-ever profit and almost $4 billion in shareholder returns.